Private equity firm Cinven and British Columbia Investment Management Corporation have acquired specialist legacy group Compre. Cinven and BCI are now the majority shareholders alongside Compre’s management team who remain in their roles and as minority shareholders.
Will Bridger, CEO at Compre, said: “I am delighted that all regulatory approvals have now been granted, which allows us to press on with new partners Cinven and BCI toward our ambitious growth.
I am also delighted that former PartnerRe chief executive, Emmanuel Clarke and former CEO of Axa Belgium Frank Koster will join our board as non-executive directors with Emmanuel also assuming the position of chairman of the group. I have no doubt that their long and deep insurance expertise will be invaluable to us as we grow.”
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